Slide 1: December 2023 Quarterly Presentation
December 2023 Quarterly Presentation 30 January 2024 Access the live webcast commencing at 10.00am (AWST) / 1.00pm (AEDT) at the link below: SANDFIRE WEBCAST
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This presentation has been prepared by Sandfire Resources Ltd (Sandfire or the Company) and contains information about Sandfire Key assumptions current at the date of this presentation. The presentation is in summary form, has not been independently verified and
Slide 3: Important Information and Disclaimer (cont.)
Important Information and Disclaimer (cont.) SFR Mineral Resources and Ore Reserves estimates The information in this Presentation that relates to SFR’s Mineral Resources or Ore Reserves is extracted from SFR’s ASX releases and is available at https://www.sandfire.com.au/where-we-operate/mineral-res
Slide 4: Important Information and Disclaimer (cont.)
Important Information and Disclaimer (cont.) Statutory and Non-statutory measures Sandfire adopts a combination of International Financial Reporting Standards (IFRS) and non-IFRS financial measures to assess performance. Underlying earnings measures, cash flows from operating activities excluding ex
Slide 5: Brendan Harris, Chief Executive Officer
Brendan Harris Chief Executive Officer Motheo | 4
Slide 6: We mine copper sustainably to energise the future
Our Values Our Purpose We mine copper sustainably to energise the future Honesty Our Strategic Pillars Accountability Deliver safe, consistent Reduce our Increase Demonstrate and predictable carbon intensity our reserves capital discipline performance Respect Our ESG framework permeates everything w
Slide 7: Progress towards our FY24 Goals
Progress towards our FY24 Goals FY24 Outlook FY24 Progress • Co-created and published our new, shared Purpose • Foster a shared belief in Our Purpose • Progressed development of our operating model (Sandfire Way) • Increase already high levels of employee engagement • Increased female participation
Slide 8: A safe business is a productive business
A safe business is a productive business Group TRIF increased marginally to 1.5 in Q2 FY24 Record low TRIF of 1.2 recorded at end Q1 FY24 (30 June 2023: 1.6) Q2 FY24 FY24 MATSA TRIF – 2.5 • Maintain or improve safety outcomes and reduce the likelihood Motheo operations TRIF – 0.5 of serious incident
Slide 9: Sustainability permeates everything we do
Sustainability permeates everything we do DeGrussa to be retained and rehabilitated Retention provides the best outcome for all stakeholders • Allows our team to establish its rehabilitation credentials A multi-faceted process to divest discrete assets is underway • Expected to make a meaningful con
Slide 10: Megan Jansen, Chief Financial Officer
Megan Jansen Chief Financial Officer MATSA | 9
Slide 11: Q2 FY24 | Group summary
Q2 FY24 | Group summary • Group copper equivalent production of 32.4kt • MATSA copper equivalent production of 23.1kt Group metal production by value • Underlying mine operating unit cost at $72/t of ore processed • C1 cost $1.94/lb with higher by-product credit revenue (zinc) • Motheo copper equiva
Slide 12: Brendan Harris, Chief Executive Officer
Brendan Harris Chief Executive Officer Motheo | 11
Slide 13: Our global footprint
Our global footprint Chief Executive Officer & Managing Director Chief Financial Chief Operating Chief People Chief Development Chief Sustainability Chief Legal & Officer Officer Officer Officer Officer Compliance Officer Megan Jansen Jason Grace Scott Browne Richard Holmes Cath Bozanich Victoria Tw
Slide 14: Our Strategy | Simple by design
Our Strategy | Simple by design Kalahari Copper Belt • Strongly placed to support the electrification and decarbonisation of the global economy through our ownership of two strategically valuable metal processing hubs in the Iberian Pyrite and Kalahari Copper belts, and targeted development options.
Slide 15: Motheo | Q2 FY24 update
Motheo | Q2 FY24 update • Annualised throughput rate of 3.5Mt exceeded initial nameplate capacity of 3.2Mtpa Q2 FY24 Production Q2 FY24 Cost • Underlying mine operating costs of $37M or $42/t of ore processed as we added concentrate filtration capacity and ramped-up activity across our supply chain
Slide 16: Motheo | Rapid and low-cost growth
Motheo | Rapid and low-cost growth • Ramp-up to 5.2Mtpa throughput rate across H2 FY24 Q2 FY24 FY24G FY24 production & cost guidance • Filter constraint resolved with installation of temporary capacity • Permanent solution on track for commissioning in Q1 FY25 • 4.1Mt throughput • Underlying mine Co
Slide 17: Motheo | Increase our Reserves
Motheo | Increase our Reserves A1 – Phase 2 drilling underway to support maiden T3 – Drilling to resource estimate test footwall extension target in Q4 FY24 Drilling program to test high priority targets A4 – Drilling to within ~70km of our test dip and strike processing facility extensions underway
Slide 18: MATSA | Q2 FY24 update
MATSA | Q2 FY24 update • Achieved annualised mining rate of 4.6Mt and processing throughput rate of 4.5Mt across H1 FY24 Q2 FY24 Production Q2 FY24 Cost • Contained metal production increased by 4% to 23.1kt • Zinc ore grades and recoveries increased considerably with the resequencing of the mine pl
Slide 19: MATSA | Operating strategy
MATSA | Operating strategy FY24G 3 Underground mines Central Processing Facility (4.5Mt total ore processed) Port of Huelva (4.6Mt total ore mined) Improve stability and predictability Aguas Teñidas • Reduce mining dilution (2.05Mt) BUILD • Improve orebody knowledge • Build RoM stocks to improve ore
Slide 20: MATSA | Increase our Reserves
MATSA | Increase our Reserves Magdalena long-section • Update of MATSA Mineral Resource and Ore Reserve estimates underway • Incorporates improved orebody knowledge and previously announced Olivo and San Pedro mineralisation • Olivo Zone previously identified to the West of Magdalena • Within 100m o
Slide 21: A strong foundation from which to grow
A strong foundation from which to grow +50% increase in CuEq production to 20251 Contained metal (kt) 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 FY23 FY24 FY25 Cu Contained (t) Zn Cu Eq Contained (t) Pb Cu Eq Contained (t) Ag Cu Eq Contained (t) 1. 1. Refers to continuing operatio
Slide 22: Group | Unchanged Guidance
Group | Unchanged Guidance Corporate FY24 Guidance (December-23 YTD) MATSA Motheo & Other Group(a) Production Ore processed (Mt) 4.5 (2.3) 4.1 (1.7) 8.6 (3.9) Copper (kt contained) 58 (28.6) 39 (16.8) 97 (45.4) Zinc (kt contained) 88 (42.6) - (-) 88 (42.6) Lead (kt contained) 10 (4.2) - (-) 10 (4.2)
Slide 23: Contact Details
Contact Details +61 8 6430 3800 +61 8 6430 3849 www.sandfire.com.au Corporate Head Office Level 2, 10 Kings Park Road West Perth WA 6005 Australia PO Box 1495 West Perth WA 6872 Australia